3 days ago
- Business
- New Straits Times
MMS Ventures shares soar 70pct after Q2 earnings more than triple
KUALA LUMPUR: Shares of MMS Ventures Bhd soared in morning trade after the automated systems and machinery specialist reported a sharp rise in second-quarter net profit.
The counter opened 11.5 sen or 40.35 per cent higher at 40 sen and climbed to a morning high of 49 sen, up 71.93 per cent.
At the time of writing, the stock was up 13 sen or 45.61 per cent at 41.5 sen, with 2.39 million shares changing hands, its highest volume since Dec 6, 2024.
At that price, the Main Market-listed company returned to its year-opening level, giving it a market capitalisation of RM87.13 million. Year-to-date, MMS Ventures has traded between a high of 42.5 sen and a low of 24.5 sen.
For the quarter ended June 30, 2025, net profit surged 262.07 per cent to RM2.80 million from RM773,581 a year ago, driven by higher machine deliveries to smart devices customers and improved gross margins.
Revenue doubled to RM10.84 million from RM5.41 million, boosted mainly by increased orders from the segment, the company said in a Bursa Malaysia filing. No dividend was declared.
